Q:

What does social responsibility mean?

A:

Quick Answer

According to Colorado State University, social responsibility in business refers to the responsibility of a company to conduct business in accordance with its own desires while conforming to the basic rules of society. Corporate social responsibility (CSR) is also referred to the conscience of a business, and it ensure a company will act in compliance with the laws, ethical standards and international norms while it conducts business.

Continue Reading

Full Answer

CSR is generally written in as part of a company’s mission and it stands as a guide to what the company stands for or a promise the business makes its customers. Social responsibility helps a company realize the impact that it has on others and the environment while it is trying to reach its bottom line so it is not solely focused on maximizing profits.

The individuals who are responsible for a business are the businessmen an executives who make the decisions. These people have a direct responsibility to all employees, and the managers within the organization are agents of the business owners and they have a primary responsibility to them to carry out the desires of the company instead of their own agendas. The main force driving against a company’s desire to act socially responsible is when the business is trying to remain competitive in an insustry.

Learn more about Ethics

Related Questions

  • Q:

    Why are rules and regulations important?

    A:

    Rules and regulations can help keep workers safe and prevent harm for business and industrial practices. They can also ensure that companies compete in a fair manner. Regulations can help ensure that businesses do not collude to raise prices.

    Full Answer >
    Filed Under:
  • Q:

    What is ethical responsibility?

    A:

    Ethical responsibility means following a moral path. Individuals have an ethical responsibility to friends and family, and businesses are obligated to promote ethics in the workplace. Medical personnel, such as nurses, also follow moral responsibilities.

    Full Answer >
    Filed Under:
  • Q:

    What are some common virtues?

    A:

    Acceptance, accountability, appreciation, bravery, charity, commitment, compassion, creativity, determination, honor, integrity, justice, kindness, loyalty, responsibility and righteousness are all common virtues. These are characteristics that show what type of person someone is.

    Full Answer >
    Filed Under:
  • Q:

    What are Puritan ethics?

    A:

    Dictionary.com defines Puritan ethics as a belief in and devotion to self-discipline, hard work, duty, responsibility and thrift. In today's age, Puritan ethics refers to adherence to these beliefs regardless of whether they are rooted in religious belief. People that are very strict on moral and religious issues are often referred to as puritanical. Some believe that puritanical attitudes are harmful, according to Anxiety Culture.

    Full Answer >
    Filed Under:

Explore